21. The Swan Company produces its product at a total cost of $43 per unit. Of...
21.
The Swan Company produces its product at a total cost of $43 per
unit. Of this amount, $8 per unit is selling and administrative
costs. The total variable cost is $30 per unit and the desired
profit is $20 per unit.
Determine the markup percentage on TOTAL
COST.
a.100%
b.80%
c.46.5%
d.110%
Homework Answers
Answer : C = 46.5 %
Markup % = ( Desired profit * 100 ) / Total cost.
Markup % = ( $ 20 * 100 ) / $ 43 = 46.5 %.
We should consider selling and administrative cost and variable cost in Total cost.
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21.
The Swan Company produces its product at a total cost of $43 per
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